Rainforest Revolutionizes Payment Processing for Software Platforms
July 12, 2024, 9:45 pm
Rainforest, a payment provider tailored for software platforms, recently secured a whopping $20 million in Series A funding. Led by Matrix Partners, this funding round will propel Rainforest to new heights in advancing its core technology and product offerings, expanding its platform success team, and accelerating growth through innovative go-to-market strategies.
Rainforest, founded by CEO Joshua Silver, is on a mission to help software platforms seamlessly integrate payment solutions without the hassle of compliance and operational burdens. By offering a data-driven risk model and precise fraud monitoring, Rainforest has carved out a niche among software companies processing $50 million to $2 billion in annual payments.
Since its inception in 2022, Rainforest has experienced exponential growth, increasing its payment volume by 17 times. The company has forged partnerships with numerous platforms across various industries, including trucking, healthcare, retail, and more. By providing a comprehensive package of modern technology, platform-friendly commercials, and high-touch support, Rainforest is empowering software companies to focus on their core mission of building innovative software solutions.
With a leadership team boasting decades of experience in scaling software platforms and payment providers, Rainforest is well-positioned to disrupt the payment processing industry. By prioritizing user-friendly experiences and seamless integration, Rainforest is poised to capture a significant share of the trillions of dollars shifting towards modern software platforms with embedded financial services.
In a market where traditional payment solutions fall short in meeting the needs of mid-market platforms, Rainforest stands out as a game-changer. By offering a holistic approach to embedded payments, Rainforest is redefining the landscape of payment processing for software platforms. With a focus on innovation, customer-centric solutions, and strategic partnerships, Rainforest is paving the way for a new era of payment processing excellence.
Rainforest, founded by CEO Joshua Silver, is on a mission to help software platforms seamlessly integrate payment solutions without the hassle of compliance and operational burdens. By offering a data-driven risk model and precise fraud monitoring, Rainforest has carved out a niche among software companies processing $50 million to $2 billion in annual payments.
Since its inception in 2022, Rainforest has experienced exponential growth, increasing its payment volume by 17 times. The company has forged partnerships with numerous platforms across various industries, including trucking, healthcare, retail, and more. By providing a comprehensive package of modern technology, platform-friendly commercials, and high-touch support, Rainforest is empowering software companies to focus on their core mission of building innovative software solutions.
With a leadership team boasting decades of experience in scaling software platforms and payment providers, Rainforest is well-positioned to disrupt the payment processing industry. By prioritizing user-friendly experiences and seamless integration, Rainforest is poised to capture a significant share of the trillions of dollars shifting towards modern software platforms with embedded financial services.
In a market where traditional payment solutions fall short in meeting the needs of mid-market platforms, Rainforest stands out as a game-changer. By offering a holistic approach to embedded payments, Rainforest is redefining the landscape of payment processing for software platforms. With a focus on innovation, customer-centric solutions, and strategic partnerships, Rainforest is paving the way for a new era of payment processing excellence.